Grandfield & Dodd LLC maintained its position in Eaton Vance Corp. (NYSE:EV) during the second quarter, Holdings Channel reports. The institutional investor owned 11,082 shares of the company’s stock at the end of the second quarter. Grandfield & Dodd LLC’s holdings in Eaton Vance Corp. were worth $392,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. Northwest Investment Counselors LLC raised its position in Eaton Vance Corp. by 0.9% in the second quarter. Northwest Investment Counselors LLC now owns 15,183 shares of the company’s stock valued at $537,000 after buying an additional 134 shares in the last quarter. Somerset Trust Co raised its position in Eaton Vance Corp. by 2.5% in the second quarter. Somerset Trust Co now owns 14,999 shares of the company’s stock valued at $530,000 after buying an additional 372 shares in the last quarter. Creative Planning raised its position in Eaton Vance Corp. by 8.4% in the second quarter. Creative Planning now owns 4,875 shares of the company’s stock valued at $172,000 after buying an additional 378 shares in the last quarter. Shell Asset Management Co. raised its position in Eaton Vance Corp. by 2.4% in the second quarter. Shell Asset Management Co. now owns 18,883 shares of the company’s stock valued at $667,000 after buying an additional 438 shares in the last quarter. Finally, Seaward Management Limited Partnership raised its position in Eaton Vance Corp. by 2.4% in the second quarter. Seaward Management Limited Partnership now owns 20,944 shares of the company’s stock valued at $740,000 after buying an additional 500 shares in the last quarter. 70.88% of the stock is currently owned by institutional investors.
Eaton Vance Corp. (NYSE:EV) traded up 1.38% during midday trading on Wednesday, hitting $38.88. 1,002,341 shares of the stock traded hands. The firm’s 50-day moving average is $39.22 and its 200-day moving average is $36.48. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 18.67 and a beta of 1.76. Eaton Vance Corp. has a 52-week low of $26.44 and a 52-week high of $40.36.
Eaton Vance Corp. (NYSE:EV) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Eaton Vance Corp. had a net margin of 17.83% and a return on equity of 39.06%. The company had revenue of $341.20 million for the quarter. During the same quarter in the prior year, the firm posted $0.57 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts predict that Eaton Vance Corp. will post $2.13 EPS for the current year.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Eaton Vance Corp. from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group reaffirmed a “hold” rating on shares of Eaton Vance Corp. in a report on Monday, August 1st. Keefe, Bruyette & Woods increased their price target on shares of Eaton Vance Corp. from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, August 19th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $37.00 price target on shares of Eaton Vance Corp. in a research report on Thursday, September 1st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Eaton Vance Corp. currently has a consensus rating of “Hold” and an average price target of $37.54.
In related news, CEO Matthew J. Witkos sold 94,408 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $40.08, for a total value of $3,783,872.64. Following the sale, the chief executive officer now owns 197,077 shares in the company, valued at $7,898,846.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian D. Langstraat sold 38,012 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $39.79, for a total transaction of $1,512,497.48. Following the transaction, the director now owns 107,712 shares in the company, valued at approximately $4,285,860.48. The disclosure for this sale can be found here.
Eaton Vance Corp. Company Profile
Eaton Vance Corp. is engaged in business of managing investment funds and providing investment management and advisory services to individuals and institutions. The Company seeks to develop and sustain management expertise across a range of investment disciplines, and offer investment products and services through various distribution channels.
Want to see what other hedge funds are holding EV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Vance Corp. (NYSE:EV).
Receive News & Ratings for Eaton Vance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Corp. and related companies with MarketBeat.com's FREE daily email newsletter.